Rishiroop September Profit Falls 84% Despite Revenue Rise

Rishiroop Limited reported profit after tax of Rs 1.96 crore for the quarter ended September 30, 2026, down 84.52% from the June quarter, while total income from operations rose 87.81% year on year to Rs 31.87 crore. The company reported standalone, unaudited results that were approved by its board on November 5, 2026.

Why did Rishiroop’s September-quarter profit decline sequentially?

Rishiroop’s profit after tax declined to Rs 1.96 crore in the quarter ended September 30, 2026, from Rs 12.68 crore in the quarter ended June 30, 2026. The decline was Rs 10.72 crore, or 84.52%, while profit before tax fell 82.39% to Rs 2.75 crore from Rs 15.61 crore.

Total income from operations fell 9.12% sequentially to Rs 31.87 crore from Rs 35.07 crore in the June 2026 quarter. The announcement shows profit before tax before and after exceptional items at the same Rs 2.75 crore for September 2026, indicating no difference between those two reported measures in the extract.

Rishiroop reported basic and diluted earnings per share of Rs 2.14 for the September 2026 quarter, compared with Rs 13.84 in the preceding quarter. Quarterly earnings per share are stated as not annualised in the company’s results extract.

The filing does not provide a segment breakdown, expense analysis or management explanation for the sequential movement in profit. It therefore establishes the change in reported income and profit, but does not identify the operating or non-operating reasons for the decline between June and September 2026.

How did Rishiroop perform against the year-earlier quarter?

Rishiroop’s September 2026 total income from operations rose to Rs 31.87 crore from Rs 16.97 crore in the quarter ended September 30, 2025. The increase of Rs 14.90 crore represented year-on-year growth of 87.81%, based on the figures reported in the financial-results extract.

Profit after tax increased from Rs 21.85 lakh in the September 2025 quarter to Rs 1.96 crore in the September 2026 quarter. Profit before tax rose from Rs 38.54 lakh to Rs 2.75 crore over the same period, while the reported post-tax profit growth was 798.81% on the disclosed figures.

Total comprehensive income was Rs 1.95 crore in the latest September quarter, compared with Rs 22.28 lakh a year earlier. Basic and diluted earnings per share increased to Rs 2.14 from Rs 0.24, while paid-up equity share capital remained Rs 9.16 crore in both September-quarter periods.

The year-on-year comparison differs materially from the sequential one. September 2026 income was lower than June 2026 income of Rs 35.07 crore, but substantially above the Rs 16.97 crore reported a year earlier; profit after tax followed the same pattern, standing below June’s Rs 12.68 crore but above September 2025’s Rs 21.85 lakh.

What did Rishiroop report for the first half of 2026-27?

Rishiroop reported profit after tax of Rs 14.65 crore for the six months ended September 30, 2026, compared with Rs 8.89 crore for the six months ended September 30, 2025. The Rs 5.76 crore increase was equivalent to 64.77% year-on-year growth, calculated from the reported half-year figures.

Total income from operations for the six months rose to Rs 66.95 crore from Rs 43.64 crore a year earlier. This Rs 23.31 crore increase represented growth of 53.41% and combines the June and September 2026 quarters rather than representing a separate September-quarter measure.

First-half profit before tax was Rs 18.36 crore, up from Rs 10.63 crore in the prior-year half, and total comprehensive income rose to Rs 14.60 crore from Rs 8.84 crore. Basic and diluted earnings per share for the six-month period were Rs 15.99, compared with Rs 9.70 in the corresponding period of 2025-26.

The half-year outcome was not evenly distributed between the two quarters. June-quarter profit after tax of Rs 12.68 crore accounted for most of the Rs 14.65 crore first-half figure, whereas the September quarter contributed Rs 1.96 crore.

How does the first half compare with Rishiroop’s last full year?

Rishiroop’s first-half income from operations of Rs 66.95 crore was equivalent to 87.99% of the Rs 76.08 crore reported for the full year ended March 31, 2026. First-half profit after tax of Rs 14.65 crore was also above the Rs 6.70 crore reported for that entire prior financial year.

For the year ended March 31, 2026, Rishiroop reported profit before tax of Rs 8.63 crore and total comprehensive income of Rs 6.60 crore. The full-year basic and diluted earnings per share were Rs 7.31, compared with Rs 15.99 for the six months ended September 30, 2026.

The filing labels quarterly and half-year earnings per share as not annualised, so those figures should not be treated as a full-year projection. The reported half-year numbers show that income and profit through September 2026 had already exceeded the respective figures for the full year ended March 2026, without providing a target for the rest of 2026-27.

The comparison with the preceding year also highlights the scale of quarterly movement. The September 2026 quarter’s Rs 1.96 crore profit after tax was lower than the prior full-year total of Rs 6.70 crore, while the June 2026 quarter alone generated Rs 12.68 crore.

What review and approval did Rishiroop’s results receive?

Rishiroop’s Audit Committee reviewed the standalone unaudited results for the quarter and half year ended September 30, 2026 on November 5, 2026. The board approved the results at its meeting on the same date, according to the company’s November 6, 2026 newspaper-announcement filing.

The statutory auditor carried out a limited review under Regulation 33 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. Rishiroop said an unqualified limited review report was issued on the September 2026 results.

The announcement is an extract of the detailed standalone financial results and includes operating income, profit, total comprehensive income, equity capital and earnings per share. Rishiroop said the complete format had been filed with the stock exchange and was available on its investor-financials webpage.

The filing does not present consolidated results, guidance, an earnings target or a planned business initiative. It also does not disclose a change in paid-up equity capital, which remained Rs 9.16 crore across the September 2026, June 2026 and September 2025 reporting columns.

Conclusion

Rishiroop’s September 2026 results show a sharp difference between year-on-year and quarter-on-quarter performance. Income from operations rose 87.81% from the prior-year quarter to Rs 31.87 crore, and profit after tax increased from Rs 21.85 lakh to Rs 1.96 crore. However, the September profit was 84.52% below the June-quarter result of Rs 12.68 crore, leaving the half-year outcome heavily weighted toward the first quarter.

The next point to watch is whether a subsequent results filing explains the movement between June and September profitability, because the current extract gives no segment data, cost analysis or management commentary on the change. Investors can also monitor whether operating income remains near the Rs 31.87 crore September-quarter level after the company reports further 2026-27 periods.